Anonymous wrote:Feeling for anyone holding the BTC bag (not me). Down 12% since Fri/Sat and over 20% since Thurs

Anonymous wrote:Sea of red.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We didn’t have 30 trillion in debt in 2008. This recession will be without a doubt worse than 2008

+100

They are alsocompletely underestimating the risk for complete collapse of global food supply chains. India is now banning exports because of extreme weather. Weather in India is so hot, that the ground is +60 celsius. Wheat cannot survive that. Rice will be screwed too as germs which make soil fertile will die. Indonesia is stopping palm oil exports, 60% of the world supply. Russia is stealing literal metric tons of grain from Ukraine that are used widely in the middle east and south east Asia. Ports are still a disaster. Fertilizer costs skyrocketing because of Russia. Bank of England already warning about massive double digit inflation, largely driven by food and commodities spikes. There is going to be tons of chaos across the globe soon because of food instability. It will cause social chaos and economies to tank. No one is gonna buy stupid iPhones if you got no food to eat. But buy the dip! Because stocks only ever go up!

You are really predicting a global famine. I guess this is based on your PHD level expertise in food supply chains and agriculture. Lol…nobody is predicting this. They are talking about some localized food insecurity in Asia and the Middle East, which is bad and may cause riots, but nowhere near global famine. This is actually an overall plus for the US economy which is the leading food exporter. We are the Saudi Arabia of food…..of course we will use it to let a few huge corporate farmers get rich as opposed to spreading the benefit in our traditional style.

Ahhhh....all those PhDs who told us inflation was transitory, and that globalization is the greatest thing since sliced bread because of pie in the sky, ivory tower theories about comparative advantage. Ooops. Looks like inflation isn't transitory. It also didn't take a PhD to have common sense that globalization is the dumbest idea of all time because now no one is self sufficient and we can't even make a car without trying to obtain 200 parts from 40 different countries, and we can't even make medicines for ourselves to save our lives. All those PhDs couldn't factor in common sense stuff like risks of globalization due to war, disease, political instabilities, and human nature. So much for PhDs.

You sound like a creature of the DC swamp. Over educated and over paid to produce nothing except fluff. A snob for degrees and no common sense. The risks to food stability are real and are here. I guess the Bank of England is making stuff up too, right?
.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We didn’t have 30 trillion in debt in 2008. This recession will be without a doubt worse than 2008

+100

They are alsocompletely underestimating the risk for complete collapse of global food supply chains. India is now banning exports because of extreme weather. Weather in India is so hot, that the ground is +60 celsius. Wheat cannot survive that. Rice will be screwed too as germs which make soil fertile will die. Indonesia is stopping palm oil exports, 60% of the world supply. Russia is stealing literal metric tons of grain from Ukraine that are used widely in the middle east and south east Asia. Ports are still a disaster. Fertilizer costs skyrocketing because of Russia. Bank of England already warning about massive double digit inflation, largely driven by food and commodities spikes. There is going to be tons of chaos across the globe soon because of food instability. It will cause social chaos and economies to tank. No one is gonna buy stupid iPhones if you got no food to eat. But buy the dip! Because stocks only ever go up!

You are really predicting a global famine. I guess this is based on your PHD level expertise in food supply chains and agriculture. Lol…nobody is predicting this. They are talking about some localized food insecurity in Asia and the Middle East, which is bad and may cause riots, but nowhere near global famine. This is actually an overall plus for the US economy which is the leading food exporter. We are the Saudi Arabia of food…..of course we will use it to let a few huge corporate farmers get rich as opposed to spreading the benefit in our traditional style.

Anonymous wrote:

Anonymous wrote:We didn’t have 30 trillion in debt in 2008. This recession will be without a doubt worse than 2008

+100

They are alsocompletely underestimating the risk for complete collapse of global food supply chains. India is now banning exports because of extreme weather. Weather in India is so hot, that the ground is +60 celsius. Wheat cannot survive that. Rice will be screwed too as germs which make soil fertile will die. Indonesia is stopping palm oil exports, 60% of the world supply. Russia is stealing literal metric tons of grain from Ukraine that are used widely in the middle east and south east Asia. Ports are still a disaster. Fertilizer costs skyrocketing because of Russia. Bank of England already warning about massive double digit inflation, largely driven by food and commodities spikes. There is going to be tons of chaos across the globe soon because of food instability. It will cause social chaos and economies to tank. No one is gonna buy stupid iPhones if you got no food to eat. But buy the dip! Because stocks only ever go up!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A recession seems likely. But people are forgetting how bad 2008 was. Without intervention, there was a serious risk of a global banking collapse in 2008-2009. We are no where near that level of risk.

Yep, all people can say is how bad it is we bailed out the banks. They have no idea of how truly bad things would have gotten not just in the US but worldwide if we hadn't.

I would argue many of those interventions have not only prolonged things, but made it worse. Turns out interest rates significantly below the historical norm for over a decade isn't a great idea and has led to wild speculation and excess risk taking in other assets.

Anonymous wrote:We didn’t have 30 trillion in debt in 2008. This recession will be without a doubt worse than 2008

Anonymous wrote:A recession seems likely. But people are forgetting how bad 2008 was. Without intervention, there was a serious risk of a global banking collapse in 2008-2009. We are no where near that level of risk.

Anonymous wrote:

Anonymous wrote:We didn’t have 30 trillion in debt in 2008. This recession will be without a doubt worse than 2008

+100

They are alsocompletely underestimating the risk for complete collapse of global food supply chains. India is now banning exports because of extreme weather. Weather in India is so hot, that the ground is +60 celsius. Wheat cannot survive that. Rice will be screwed too as germs which make soil fertile will die. Indonesia is stopping palm oil exports, 60% of the world supply. Russia is stealing literal metric tons of grain from Ukraine that are used widely in the middle east and south east Asia. Ports are still a disaster. Fertilizer costs skyrocketing because of Russia. Bank of England already warning about massive double digit inflation, largely driven by food and commodities spikes. There is going to be tons of chaos across the globe soon because of food instability. It will cause social chaos and economies to tank. No one is gonna buy stupid iPhones if you got no food to eat. But buy the dip! Because stocks only ever go up!

Anonymous wrote:

Anonymous wrote:We didn’t have 30 trillion in debt in 2008. This recession will be without a doubt worse than 2008

+100

They are alsocompletely underestimating the risk for complete collapse of global food supply chains. India is now banning exports because of extreme weather. Weather in India is so hot, that the ground is +60 celsius. Wheat cannot survive that. Rice will be screwed too as germs which make soil fertile will die. Indonesia is stopping palm oil exports, 60% of the world supply. Russia is stealing literal metric tons of grain from Ukraine that are used widely in the middle east and south east Asia. Ports are still a disaster. Fertilizer costs skyrocketing because of Russia. Bank of England already warning about massive double digit inflation, largely driven by food and commodities spikes. There is going to be tons of chaos across the globe soon because of food instability. It will cause social chaos and economies to tank. No one is gonna buy stupid iPhones if you got no food to eat. But buy the dip! Because stocks only ever go up!